Courtesy: Kemp Real Estate
507-828-6696
Excellent investment opportunity in Springfield, Minnesota! This well-maintained four-unit apartment building offers a strong combination of current rental income, multiple unit configurations, garage space, and significant potential for increased revenue. The property features two one-bedroom apartments and two two-bedroom apartments, with all four units currently occupied, providing an established income stream from day one. A major advantage of this property is the four detached garage stalls. With thoughtful restructuring of the garage spaces and a review of how the garage and rental spaces are utilized, there is substantial upside potential to increase monthly revenue. A new owner may have the opportunity to better allocate or separately rent garage space and make adjustments to the existing rental structure, creating additional income beyond what the current rates are. The property also includes coin-operated laundry, providing a convenient amenity for tenants and another source of potential income. Situated on a corner lot, the property offers good access, visibility, and off-street parking. This is an attractive opportunity for an investor looking for a property with existing occupancy and cash flow today, while still offering room to improve and increase revenue over time. The combination of four rental units, four detached garage stalls, on-site laundry, and potential for restructuring makes this a property with both stability and upside.
Courtesy: Kerkhoff Auction & Real Estate
507-644-8433
Four-unit Apartment complex for sale with garages situated on a desirable corner lot in a great location! Property is well maintained including newer roof and furnaces. An excellent opportunity for investors looking to expand their portfolio with an income-producing property full of potential. All units are currently leased with waiting list. Don's miss this investment opportunity! Call today!
Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
Listings courtesy of Northstar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Xome Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Xome Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed. Open House information is subject to change without notice. Copyright 2026, Regional Multiple Listing Service of Minnesota, Inc. All rights reserved
Springfield is located in Minnesota. Springfield, Minnesota has a population of 2,107. Springfield is less family-centric than the surrounding county with 20.07% of the households containing married families with children. The county average for households married with children is 27.49%.
The median household income in Springfield, Minnesota is $56,154. The median household income for the surrounding county is $62,999 compared to the national median of $69,021. The median age of people living in Springfield is 49.2 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 3.7 degrees. The average rainfall is approximately 28.8 inches per year, with 40.5 inches of snow per year.
